ISLAMABAD: The Economic Coordination Committee (ECC) has approved the Ramazan Relief Package 2022 for 19 essential items to be sold at subsidised rates at Utility Stores Corporation (USCs) with a total subsidy of Rs8.28 billion. The Ministry of Industries and Production tabled the summary for the relief package during the meeting of the ECC, presided … Read more
The Hub Power Company Limited’s (Hubco) profitability declined in the outgoing quarter, primarily due to lower share of profits from China Power Hub Generation Company (CPHGC) and the absence of debt servicing revenue from the Narowal Energy Limited. The management updated that the affected unit of CPHGC has returned to service from January 6, 2022. … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed barter trade with Iran and Afghanistan and extended subsidies on five essential commodities till March. Federal Minister for Finance and Revenue Shaukat Tarin, presided over the meeting of the ECC on Thursday, where the Ministry of Commerce presented a summary for grant of regulatory … Read more
KARACHI: The Economic Coordination Committee (ECC) of the Cabinet approved the cost estimates for the import of urea on a cost sharing basis of 50:50 among the federal and provincial governments. Federal Minister for Finance and Revenue Shaukat Tarin presided over the meeting on Thursday, where the committee approved the cost estimates for import of … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved an $11.6 million compensation package for the affected Chinese nationals of the Dasu Hydropower Project incident. The committee, virtually presided by Federal Minister for Finance and Revenue Shaukat Tarin also allowed the export of essential food items to Afghanistan. The ministry of water resources tabled … Read more
ISLAMABAD: The government has approved Rs106.1 billion Ehsaas Targeted Commodity Subsidy Programme (ETCSP) to uplift the low-income segment of the country. The Poverty Alleviation and Social Safety (PASS) division presented the programme in a meeting of the Economic Coordination Committee (ECC) of the Cabinet chaired by the Federal Minister for Economic Affairs Omar Ayub Khan. … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved the summary presented by the Ministry of Commerce on Textile and Apparel Policy 2020/25 with the directives to incorporate inputs of the Federal Board of Revenue (FBR) and the Finance Division and meet the observations of the Power Division. Federal Minister for Economic Affairs Omar … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has expressed dismay over the continuous delay in the approval of the SME Policy, a statement said on Saturday. Unisame president Zulfikar Thaver said that perhaps the real reason is that the Economic Coordination Committee (ECC) does not have funds to implement the Small Medium Enterprises … Read more
ISLAMABAD: Federal Minister for Privatisation Mohammedmian Soomro has said that a level-playing field is being provided to all the prequalified bidders for ensuring utmost transparency. Chairing a second pre-bid meeting of Heavy Electrical Complex (HEC), he said the transaction of HEC is in its concluding stage and “we are resolving the pending matters related to … Read more
ISLAMABAD: The Economic Coordination Committee of the Cabinet on Monday scrapped two wheat import tenders due to higher prices and asked for a fresh tender. Federal Minister for Economic Affairs Omar Ayub Khan presided over the ECC meeting. On two summaries tabled by the Ministry of National Food Security and Research regarding award of seventh … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the provision of 70mmg regasified liquefied natural gas (RLNG) to Sui Northern Gas Pipelines-based plants, Agritech and Fatima Fertilizer, during the Rabi season 2021/22 to meet the urea demand. The meeting also gave a green signal to the upgradation of the Federal Board … Read more
KARACHI:The export-oriented industries of Karachi have expressed annoyance due to sheer discrimination and dubious conduct on the part of the Ministry of Energy, (Petroleum Division). The ministry disregarded the summary approved by the Economic Coordination Committee (ECC) of the Cabinet, which has uniformly approved regasified liquefied natural gas (RLNG) tariff at $6.5/MMBTU all inclusive to … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has given the green signal to procure 120,000 tonnes of wheat to build strategic reserves of the commodity. The committee meeting, presided over by Finance Minister Shaukat Tarin, took the decision after taking into consideration the recommendation of the Ministry of National Food Security and Research. … Read more
LAHORE: The Pakistan Matiari-Lahore Transmission Line Company (PMLTC) has completed 660kV Matiari-Lahore transmission line, a flagship project under the China-Pakistan Economic Corridor, as per the agreed timeline with the National Transmission and Dispatch Company, a statement said. Prior to its commercial operation date, as many as eight tests on different voltage levels were performed successfully … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved the provision of funds to meet the emergent liabilities of Roosevelt Hotel Corporation, which is a property of the national flag carrier, Pakistan International Airlines. Presided over by Federal Minister for Finance and Revenue Shaukat Tarin, the Aviation Division presented a summary to the committee, … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved two summaries for import of 200,000 tonnes of sugar and 400,000 tonnes of wheat to curtail food inflation and stabilise prices. Federal Minister for Finance and Revenue Shaukat Tarin presided over the meeting. The ECC approved the summary tabled by the Ministry of … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved the continuation of electricity and gas subsidies for export-oriented sectors to support growth momentum in exports during the current financial year. This decision was taken during the meeting of the ECC, which was presided over by Federal Minister for Finance and Revenue Shaukat … Read more
LAHORE: The power distribution companies in Punjab and the Sui Northern Gas Pipelines Limited (SNGPL) have started supplying utilities to the five export-oriented sectors on subsidised tariffs, despite the non-issuance of a notification, in this regard. The Lahore Electric Supply Company (Lesco), Gujranwala Electric Power Company (Gepco), Multan Electric Power Company (Mepco), Faisalabad Electric Supply … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed the power sector institutions to adjust their receivables against their payables, a senior government official said. ECC has today approved the financial setoff mechanism for government owned IPPs. This means that the receivables and payables between government entities have been balanced against each other. … Read more
KARACHI: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the technical supplementary grant of Rs100 million each from the Public Sector Development Programme (PSDP) to establish joint border markets at Mand, Kech district, Gwadar, Gabd district and Chedgi, Panjgur district, of the total allocation of Rs300 million. The ECC meeting, which was … Read more
The federal cabinet has put off an Economic Coordination Committee’s proposal of import of cotton and sugar from India. As per the details, a federal cabinet meeting chaired by Prime Minister Imran Khan took up various agendas including the ECC’s proposal for importing sugar and cotton from India. According to sources, Foreign Minister Shah Mahmood … Read more
The Federal Cabinet meeting headed by Prime Minister Imran Khan, on Thursday has rejected a proposal by the Economic Coordination Committee (ECC) to allow the import of sugar and cotton from India. According to the details, the meeting of the Federal Cabinet is in progress to discuss the overall political and economic situation of the … Read more
Prime Minister Imran Khan will chair a meeting of the federal cabinet in Islamabad. According to the details, a 22 point agenda will be discussed in the meeting which will include briefing of vacant posts of heads of government agencies and also the appointment of Chairman Board of Pakistan International Airlines Corporation Limited (PIACL). Electronic … Read more
The Economic Coordination Committee (ECC) on Wednesday has approved the import of sugar, cotton, and yarn from India. According to the details, the Economic Coordination Committee (ECC) of the Cabinet today took up two summaries of the commerce and textile ministry to lift the ban on the import of cotton, cotton yarn, and white sugar … Read more
The Economic Coordination Committee (ECC) on Wednesday approved the Ramadan relief package worth Rs 7.60 billion. According to the details, the amount will be provided to the utility stores in a bid to provide relief to the masses during the Holy month of Ramadan. A meeting of the Economic Coordination Committee was held under the … Read more
The Economic Co-ordination Committee (ECC) has increased the price of ghee at utility stores by up to Rs 30 per kg. According to sources, a meeting of the Economic Co-ordination Committee was held under the chairmanship of Finance Minister Hafeez Sheikh in which it was decided that the prices of sugar, flour, rice and pulses … Read more
The Economic Coordination Committee (ECC) of the Cabinet is expected to approve the Karachi Transformation Plan. According to the details, the meeting will be chaired by Finance Minister Abdul Hafeez Sheikh. The committee deferred the matters related to the Karachi Transformation Plan in its previous two sessions. The ECC meeting is also likely to approve … Read more
$150 million technical supplementary grant has been approved by the Economic Coordination Committee (ECC) to book coronavirus vaccines from international manufacturers. According to the details, the decision was taken after evaluating a proposal submitted by the Ministry of National Health Services in a meeting held on Friday and chaired by Finance Advisor Dr. Abdul Hafeez … Read more
